PT Adaro Indonesia Tbk

Type: Company
Name: PT Adaro Indonesia Tbk
Nationality: Indonesia
First reported Mar 13 2014 - Updated Mar 13 2014 - 1 reports

Moody's: Adaro's FY2013 results affected by soft coal prices

, 4:14 PM Hadijah AlaydrusJAKARTA-Moody's Investors Service says the decline in PT Adaro Indonesia, a subsidiary of Adaro Energy Tbk. (ADRO), full-year 2013 results were mainly reflective of weak coal prices, but remain broadly in line with Moody's e ... [Published Bisnis Indonesia - Mar 13 2014]
First reported Mar 13 2014 - Updated Mar 13 2014 - 1 reports

Miners Concern on Mining Contract Signing Postponement

, 7:05 AM Lukas Hendra, Arsyad ParipurnaJAKARTA—The Government postponed the signing of Mining Contract Renegotiation MoU for 83 companies licensed with contract of work (KK) and coal mining work agreement (PKP2B) until all points are agreed by the i ... [Published Bisnis Indonesia - Mar 13 2014]

Quotes

"Despite a reduction in total borrowings, Adaro's adjusted debt/EBITDA ratio increased to 2.7x in 2013, from 2.0x a year ago, on the back of lower EBITDA. Given our expectation that Adaro's credit metrics will stabilize and begin to strengthen in 2014 and the quality of the company's liquidity position, we remain comfortable with its current Ba1 rating despite leverage currently exceeding 2.5x" says Grieser

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Moody's: Adaro's FY2013 results affected by sof... [Published Bisnis Indonesia - Mar 13 2014]
Miners Concern on Mining Contract Signing Postp... [Published Bisnis Indonesia - Mar 13 2014]
Fitch Affirms Adaro Indonesia at 'BB+'; Outlook... [Published Fitch Ratings Headlines Corporate - Jan 29 2014]
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